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Why did the price of cooking oil rise during the Ukraine-Russia war?

  • Writer: Mohit Singh
    Mohit Singh
  • Sep 24, 2022
  • 2 min read

During Ukraine - Russian war we had seen the sora in food inflation. Due to the food shortages and restricted food supplies from these countries. In many countries, restaurants raised their prices, which resulted in fewer customer footfall restaurants. Restaurants were claiming customers about the stable food prices soon. But the situation was not improving. And they faced a massive downfall in the restaurants for so long. Simultaneously it saw a major downfall in the number of Cooking Oil Supplier in India.


Ukraine registers a good percentage by supplying more than half of the sunflower oils around the world. Afterward, Russia holds less but also a good percentage in supplying sunflower oils too. Due to Ukraine - Russian war oil supply was restricted, which refers to the less amount of oil shipment and this resulted in an oil price hike. All the interruption of oil supply from Ukraine and Russia resulted in the massive soar in the oil prices. Even after a time, no improvement was seen, even the prices were continuously soaring.

Additionally, increased prices on Affordable food items, like, cheap noodles and subsidized bread. This showed a massive food shortage in certain regions, including the middle eastern, African, and some Asian countries.


Some vegetable oils, including, soybean oil, sunflower oil, and palm oil were increased higher compared to 2019. In this situation, turkey decided of imposing certain limits on oil quantity. And was further resulted in panic buying. Influenced by this action, Spain, the United Kingdom, and Italy set the oil supply limits. Moreover, Indonesia declared the stop oil export in order to meet the domestic oil. the rose in food inflation during Ukraine - Russia led to affect the supply of the Indian Grocery market by limiting the oil supply.


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